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Euro / British Pound
Short

EURGBP: BOUNCED OFF FROM RESISTANCE

By DrecoFx_
After the rejection from the resistance, the EURGBP is bearish. It is currently riding in a rising channel, we will have to watch for a breakout below and if that happens... then it will signal a reversal towards the downside. But If we see a bounce from the trendline, then you know the bearish setup is invalidated. For now I am bearish on this pair.

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DrecoFx_

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